Starbox Secures Trademark Registrations in the Philippines, Strengthening Regional Growth Strategy
18 Febbraio 2025 - 10:30PM
Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the
“Company”), a service provider of cash rebates, advertising, and
payment solutions with a goal of becoming a comprehensive
artificial intelligence (“AI”) solutions provider in Southeast
Asia, today announced the successful registration of its “Starbox,”
“StarboxAI,” and “StarboxChat” trademarks in the Philippines. This
milestone marks an important step in the Company’s regional
expansion strategy, reinforcing its commitment to establishing a
strong presence in Southeast Asia. The Philippines has a growing
population, that make it a key market in Starbox’s growth
trajectory, aligning with the Company’s expansion plans.
The trademark registrations underscore Starbox’s
strategic focus on strengthening its intellectual property
portfolio and brand identity across Southeast Asia. As the Company
grows its regional presence, securing such intellectual property
rights is expected to strengthen brand identity, enhance
credibility, and reinforce trust among merchants and consumers.
This move is also anticipated to solidify Starbox’s competitive
advantage in the local market and lay the foundation for deeper
market penetration.
“We believe securing our trademarks in the
Philippines is a major milestone for Starbox,” said Mr. Lee Choon
Wooi, Chief Executive Officer and Chairman of Starbox. “It reflects
our dedication to building a strong and recognizable brand across
Southeast Asia while reinforcing our vision to delivering seamless
AI-driven solutions for merchants and consumers. With the
Philippines experiencing e-commerce and digital payment adoption,
we see tremendous potential for our cash rebates model to thrive
and benefit millions of users.”
As one of Southeast Asia’s dynamic economies,
the Philippines plays a crucial role in Starbox’s regional
expansion strategy. Starbox believes that the trademark
registrations will both ensure legal brand protection and signal
the Company’s readiness to capitalize on opportunities in a market
it expects to drive ASEAN (Association of Southeast Asian
Nations)’s annual GDP growth.
With a dense population, Starbox anticipates
that Southeast Asia and the Philippines present immense growth
potential for Starbox’s cash rebates ecosystem, and by integrating
AI-driven systems into its platform, it will enhance the consumer
shopping experience and facilitate merchant outreach.
As investors increasingly prioritize companies
with robust regional footprints, Starbox believes that its growing
presence in the Philippines—alongside its broader Southeast Asia
strategy—will usher a clear pathway to capturing their growing
consumer markets.
“Our vision goes beyond borders. We remain
committed to delivering long-term value for our customers,
partners, and future shareholders as we scale across the region.”
added Mr. Lee Choon Wooi.
About Starbox Group Holdings
Ltd.
Headquartered in Malaysia, Starbox is a
technology-driven, rapidly growing company with innovation as its
focus. Starbox is aiming to be a comprehensive technology solutions
provider within Southeast Asia and also engages in building a cash
rebate, advertising, and payment solution business ecosystem,
targeting micro, small, and medium enterprises that lack the
bandwidth to develop an in-house data management system for
effective marketing. The Company connects retail merchants with
retail shoppers to facilitate transactions through cash rebates
offered by retail merchants on its GETBATS website and mobile app.
The Company also provides digital advertising services to
advertisers through its SEEBATS website and mobile app, GETBATS
website and mobile app and social media. The Company also provides
payment solution services to merchants. For more information,
please visit the Company’s website:
https://ir.starboxholdings.com.
Forward-Looking
Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “approximates,” “assesses,” “believes,”
“hopes,” “expects,” “anticipates,” “estimates,” “projects,”
“intends,” “plans,” “will,” “would,” “should,” “could,” “may” or
similar expressions. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company's
registration statement and other filings with the U.S. Securities
and Exchange Commission. References and links (including QR codes)
to websites have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
For more
information, please
contact:
Starbox Group Holdings
Ltd.Investor Relations DepartmentEmail:
ir@starboxholdings.com
Ascent
Investor Relations
LLCTina XiaoPhone: +1-646-932-7242Email:
investors@ascent-ir.com
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